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Issuance of Domestic Unsecured Yen Bonds

November 27, 2015

Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Yen Bonds under the terms as set forth below:

Domestic Unsecured Yen Bonds Due 3 December 2020

1. Name:
Kobe Steel, Ltd. Series 66 Unsecured Bonds
(Limited Inter-Bond Pari Passu Clause)
2. Total Amount of Issue:
10 billion yen
3. Denomination of Bond:
100,000,000 yen each
4. Interest Rate:
0.471% per annum of the principal of the bonds
5. Issue Price:
100% of the principal amount of the bonds
6. Redemption Price:
100% of the principal amount of the bonds
7. Maturity Date:
To be redeemed in a lump sum on 3 December 2020
8. Offering Period:
27 November 2015
9. Closing Date:
3 December 2015
10. Method of Issue:
Public offering in the domestic market
11. Date of Payment of
Semiannually on 3 June and 3 December
Interest on the Bonds:
12. Status of the Bonds:
Unsecured by assets or guarantees
13. Fiscal Agent:
Sumitomo Mitsui Banking Corporation
14. Underwriters:
・Nomura Securities Co., Ltd.
・Mizuho Securities Co., Ltd.
・UFJ Morgan Stanley Securities Co., Ltd.
・Goldman Sachs Japan Co., Ltd.
Use of Proceeds:
To be applied mainly toward the redemption of loans